Notorious patent enforcement entity values its entire portfolio at $2, folds

"Daniel Nazer, an EFF attorney, said that Shipping & Transit is part of a dying business model.

"Most of S&T's patents are expired, and defendants had managed to get fees in a couple of cases," he emailed Ars.

"I think the fact that they lasted 10 years before courts slowed them down shows that the business model can work. On the other hand, I do think the Alice v. CLS Bank decision made things harder for S&T after 2014. This shows that recent Federal Circuit decisions watering down Alice(like Berkheimer v. HP) are important. If Alice is undermined we could see a resurgence of patent trolling with these kinds of abstract software patents.""